CPI Card Group Inc.

CPI Card Group Inc. is a payments technology company that offers a full range of physical and digital payment solutions. The company serves U.S. financial institutions, processors, fintechs, and prepaid program managers. CPI is a leader in the U.S. payment card solutions market, specifically in debit and credit card production, personalization, and Software-as-a-Service-based (SaaS-based) instant issuance solutions. CPI is also a market leader in producing Prepaid Debit Cards, which are debit cards issued on the networks of Payment Card Brands (Visa, Mastercard, American Express, and Discover) but not linked to a traditional bank account, along with related secure packaging solutions. The company serves thousands of customers through direct and indirect sales channels and maintains long-standing relationships with its top customers. CPI's market position is built on customer service, quality, innovation, and a comprehensive offering of payment card solutions. Their solutions provide a full suite of products and related services for producing, personalizing, and fulfilling payment cards, both physically and digitally, while adhering to the security requirements of the Payment Card Brands. CPI is integral to many customer card programs, combining design and production with end-to-end offerings integrated into customer operations, requiring process and/or technology integration, such as secure data links for sensitive cardholder information. These offerings are crucial for customers, not only for the payment cards themselves but also as an essential element in their overall branding and marketing initiatives. The U.S. payment card solutions market has seen long-term growth in cards-in-circulation, driven by new account openings from legacy issuers and new entrants like fintechs.